According to Marx's theory, what is the difference between the value of a raw material and the actual product called?
A)Surplus value
B)Exploitation
C)Marginal cost
D)Inelastic demand

Question

Quizplus · Accepted Answer

Surplus value, in Marxian economics, is the difference between the value produced by the labor and the actual wage paid to the laborer. This concept is central to Marx's critique of capitalism, where he argues that capitalists derive profits from the surplus value generated by workers who are paid less than the value of their output.

According to Marx's Theory, What Is the Difference Between the Value